Can I retire at age 64 with 14,000,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,000,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$1,156,107$1,145,809$1,135,762$1,125,955$1,116,380$1,076,770
2 years$572,330$561,671$551,341$541,325$531,609$492,125
3 years$377,763$367,058$356,754$346,832$337,275$299,157
4 years$280,499$269,827$259,625$249,873$240,547$204,087
5 years$222,156$211,547$201,480$191,926$182,860$148,154
6 years$183,273$172,744$162,826$153,485$144,691$111,764
7 years$155,510$145,070$135,309$126,189$117,673$86,519
8 years$134,698$124,352$114,753$105,856$97,621$68,214
9 years$118,519$108,271$98,837$90,166$82,211$54,512
10 years$105,583$95,436$86,168$77,724$70,048$44,010
11 years$95,006$84,961$75,861$67,643$60,243$35,813
12 years$86,199$76,256$67,325$59,332$52,206$29,325
13 years$78,752$68,913$60,150$52,381$45,524$24,131
14 years$72,375$62,640$54,045$46,498$39,906$19,936
15 years$66,852$57,223$48,795$41,468$35,137$16,524
16 years$62,025$52,501$44,240$37,130$31,054$13,732
17 years$57,770$48,351$40,257$33,361$27,535$11,436
18 years$53,993$44,679$36,749$30,065$24,482$9,541
19 years$50,616$41,408$33,642$27,167$21,822$7,972
20 years$47,582$38,478$30,875$24,605$19,492$6,668
21 years$44,839$35,841$28,399$22,330$17,443$5,584
22 years$42,350$33,456$26,174$20,303$15,635$4,680
23 years$40,080$31,291$24,167$18,491$14,035$3,925
24 years$38,003$29,318$22,351$16,865$12,615$3,294
25 years$36,094$27,513$20,701$15,402$11,351$2,765
26 years$34,335$25,858$19,199$14,082$10,225$2,323
27 years$32,710$24,335$17,828$12,890$9,219$1,952
28 years$31,203$22,931$16,574$11,810$8,318$1,640
29 years$29,803$21,633$15,423$10,830$7,511$1,379
30 years$28,498$20,430$14,366$9,939$6,787$1,159
31 years$27,280$19,313$13,393$9,128$6,136$975
32 years$26,140$18,274$12,496$8,389$5,550$820
33 years$25,072$17,306$11,668$7,715$5,023$690
34 years$24,069$16,402$10,902$7,098$4,548$580
35 years$23,125$15,557$10,192$6,534$4,119$488
36 years$22,235$14,766$9,535$6,018$3,732$411
37 years$21,396$14,024$8,924$5,545$3,383$346
38 years$20,602$13,328$8,357$5,111$3,067$291
39 years$19,852$12,674$7,830$4,712$2,781$245
40 years$19,140$12,058$7,339$4,346$2,522$206
41 years$18,465$11,478$6,881$4,010$2,288$173
42 years$17,824$10,931$6,455$3,701$2,076$146
43 years$17,214$10,415$6,057$3,416$1,885$123
44 years$16,634$9,928$5,686$3,154$1,711$103
45 years$16,081$9,467$5,339$2,913$1,553$87
46 years$15,554$9,031$5,014$2,691$1,410$73
47 years$15,050$8,619$4,711$2,486$1,280$62
48 years$14,569$8,228$4,427$2,297$1,163$52
49 years$14,109$7,857$4,161$2,123$1,056$44
50 years$13,669$7,505$3,912$1,962$959$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $14,000,000, adding $3,673 every year, while hoping to spend $38,800 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/21/21 Blend
63$14,000,000$14,000,000$14,000,000$14,000,000
64$15,431,789$14,689,789$14,472,789$16,240,208
65$16,964,548$15,368,305$14,916,344$17,469,071
66$18,652,349$16,078,769$15,373,458$18,803,663
67$20,510,964$16,822,704$15,844,545$20,257,841
68$22,557,774$17,601,708$16,330,029$21,843,160
69$24,811,931$18,417,456$16,830,349$23,572,325
70$27,294,540$19,271,704$17,345,958$25,459,309
71$30,028,857$20,166,291$17,877,321$27,519,485
72$33,040,508$21,103,147$18,424,919$29,769,759
73$36,357,732$22,084,293$18,989,245$32,228,734
74$40,011,645$23,111,848$19,570,810$34,916,877
75$44,036,539$24,188,035$20,170,138$37,856,708
76$48,470,199$25,315,181$20,787,771$41,073,009
77$53,354,263$26,495,729$21,424,265$44,593,051
78$58,734,614$27,732,236$22,080,194$48,446,851
79$64,661,816$29,027,387$22,756,151$52,667,445
80$71,191,584$30,383,992$23,452,746$57,291,197
81$78,385,318$31,805,000$24,170,605$62,358,137
82$86,310,677$33,293,501$24,910,377$67,912,331
83$95,042,219$34,852,736$25,672,728$74,002,293
84$104,662,106$36,486,101$26,458,345$80,681,434
85$115,260,878$38,197,156$27,267,936$88,008,562
86$126,938,306$39,989,635$28,102,230$96,048,428
87$139,804,337$41,867,452$28,961,979$104,872,331
88$153,980,131$43,834,708$29,847,957$114,558,783
89$169,599,202$45,895,707$30,760,961$125,194,243
90$186,808,681$48,054,956$31,701,813$136,873,922
91$205,770,702$50,317,186$32,671,361$149,702,676
92$226,663,938$52,687,352$33,670,475$163,795,986
93$249,685,279$55,170,652$34,700,056$179,281,037
94$275,051,698$57,772,534$35,761,028$196,297,911
95$303,002,296$60,498,712$36,854,347$215,000,898
96$333,800,556$63,355,176$37,980,994$235,559,939
97$367,736,839$66,348,205$39,141,983$258,162,223
98$405,131,114$69,484,384$40,338,356$283,013,940
99$446,335,986$72,770,618$41,571,190$310,342,215
100$491,740,022$76,214,144$42,841,590$340,397,240